Lytton Rancheria of California Leads Tribal Investment in Cadiz Groundwater Banking Project
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Cadiz, Inc. has announced a significant investment from the Lytton Rancheria of California in its Mojave Groundwater Bank project. This $50 million investment marks the largest water infrastructure investment by Native American Tribes off tribal lands in U.S. history.
November 25, 2024 | 1:45 pm
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Cadiz, Inc. has secured a $50 million investment from the Lytton Rancheria of California for its Mojave Groundwater Bank project. This is the largest water infrastructure investment by Native American Tribes off tribal lands in U.S. history.
The $50 million investment from Lytton Rancheria is a significant boost for Cadiz, Inc.'s Mojave Groundwater Bank project. This partnership not only provides substantial financial support but also marks a historic milestone in tribal investments in water infrastructure. The news is likely to positively impact Cadiz's stock price in the short term due to the scale and significance of the investment.
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